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EU worries sink stocks in Asia

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decline_9 June 14, 2012 (Chinavestor) Investors turned defensive globally ahead the Greek vote over the weekend. The Hang Seng Index (INDEXHANGSENG:.HSI) fell 218.1 points or 1.2% with most of its 42 components declining for the day. Airliners succumbed to profit taking after three days of strong advances. But power generator rose on falling coal and oil prices.

 

A similar sell-off took place in Shanghai where the Shanghai Composite Index (SHA:000001) fell 23.0 points or 1.0%. Stocks that fell outnumbered those that advanced eight to one among the 50 largest components of the broad index. Financial and securities stocks suffered the most as investor sentiment soured.

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